Money in Latvia

Latvia Money | Economic News & Forecasts

Latvia - Money

A preliminary estimate revealed that GDP growth slumped in the fourth quarter of last year amid a broad-based slowdown, bringing 2019’s annual expansion down to a three-year low. Cooling manufacturing output growth and sharply contracting mining activity in October–November underpinned the industrial sector’s downturn, while deteriorating consumer confidence in the quarter and a jump in the unemployment rate in December curbed retail sales growth in Q4. On the external front, following a moderate increase in Q3, merchandise exports contracted in October–November and likely dipped again in December, amid faltering trade in the Eurozone. In other news, the government appears to have restored confidence in the country’s financial sector after its year-long crackdown on Latvian banks’ illegal activities, which included money laundering and sanctions dodging.

Latvia - Money Data

2014   2015   2016   2017   2018  
Money (annual variation in %)11.8  13.9  7.4  5.9  14.7  

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Latvia Money Chart


Latvia Money
Note: Annual variation of M2 in %.
Source: Bank of Latvia and FocusEconomics calculations.

Latvia Facts

Value Change Date
Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Dec 31

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